McDonald's Corporation (MCD) Income Statement Analysis

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Complete financial analysis of McDonald’s Corporation (MCD) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of McDonald’s Corporation, a leading company in the Restaurants industry within the Consumer Cyclical sector.

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McDonald's Corporation (MCD)

Industry: Restaurants

Sector: Consumer Cyclical

Website: https://corporate.mcdonalds.com

About McDonald's Corporation

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, wraps, fries, salads, oatmeal, shakes, desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including biscuit and bagel sandwiches, breakfast burritos, hotcakes, and other sandwiches. As of December 31, 2021, the company operated 40,031 restaurants. McDonald's Corporation was founded in 1940 and is headquartered in Chicago, Illinois.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985
Revenue	25.49B	23.18B	23.22B	19.21B	21.08B	21.03B	22.82B	24.62B	25.41B	27.44B	28.11B	27.57B	27.01B	24.07B	22.74B	23.52B	22.79B	21.59B	20.46B	19.06B	17.14B	15.41B	14.87B	14.24B	13.26B	12.42B	11.41B	10.69B	9.79B	8.32B	7.41B	7.13B	6.70B	6.64B	6.14B	5.57B	4.89B	4.14B	3.69B
Cost of Revenue	10.93B	9.98B	10.64B	9.46B	9.96B	10.24B	12.20B	14.42B	15.62B	16.99B	17.20B	16.75B	16.32B	14.44B	13.95B	14.88B	14.88B	14.60B	14.14B	9.38B	8.53B	7.67B	7.35B	6.83B	5.19B	4.84B	4.44B	4.08B	3.62B	2.99B	2.69B	1.13B	1.11B	1.19B	3.58B	3.29B	2.87B	1.81B	1.48B
Gross Profit	14.56B	13.21B	12.58B	9.75B	11.12B	10.79B	10.62B	10.20B	9.79B	10.46B	10.90B	10.82B	10.69B	9.64B	8.79B	8.64B	7.91B	6.98B	6.32B	9.69B	8.61B	7.74B	7.52B	7.41B	8.07B	7.58B	6.96B	6.61B	6.17B	5.33B	4.72B	6.00B	5.58B	5.45B	2.56B	2.28B	2.03B	2.34B	2.21B
Gross Profit Ratio	57.12%	56.97%	54.17%	50.77%	52.74%	51.30%	46.54%	41.45%	38.52%	38.10%	38.79%	39.24%	39.57%	40.03%	38.65%	36.73%	34.69%	32.36%	30.91%	50.82%	50.22%	50.22%	50.55%	52.03%	60.84%	61.05%	61.04%	61.82%	63.01%	64.03%	63.75%	84.10%	83.37%	82.08%	41.68%	40.93%	41.39%	56.37%	59.83%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	0.00	0.00	0.00	0.00	0.00	2.11B	2.13B	2.30B	2.32B	2.39B	2.31B	2.34B	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling & Marketing	0.00	0.00	0.00	0.00	0.00	88.00M	100.20M	88.80M	113.80M	98.70M	75.40M	113.50M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	2.44B	2.49B	2.38B	2.25B	2.23B	2.20B	2.23B	2.38B	2.43B	2.49B	2.39B	2.46B	2.39B	2.33B	2.23B	2.36B	2.37B	2.34B	2.22B	5.71B	5.24B	4.79B	4.56B	4.28B	3.90B	3.68B	3.48B	3.28B	2.97B	2.54B	2.23B	3.65B	3.50B	3.46B	663.00M	611.30M	525.10M	1.18B	1.12B
Other Expenses	480.60M	-516.30M	-14.10M	14.40M	-14.20M	-23.70M	-38.90M	-21.80M	-17.00M	-6.70M	-45.10M	-28.20M	10.54B	9.25B	8.86B	9.73B	11.48B	9.74B	9.33B	9.02B	8.26B	7.83B	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Expenses	2.92B	2.86B	2.71B	2.55B	2.23B	2.20B	2.23B	2.38B	2.43B	2.49B	2.39B	2.46B	2.16B	2.14B	2.01B	3.43B	4.12B	2.58B	2.30B	6.15B	5.78B	5.62B	4.82B	4.28B	4.85B	4.56B	4.27B	4.02B	3.68B	3.17B	2.80B	4.20B	4.02B	3.95B	1.10B	994.70M	863.50M	1.41B	1.35B
Cost & Expenses	13.85B	12.84B	13.35B	12.00B	12.19B	12.44B	14.43B	16.80B	18.06B	19.47B	19.59B	19.21B	18.48B	16.57B	15.96B	17.08B	19.00B	17.18B	16.44B	15.52B	14.31B	13.29B	12.17B	11.11B	10.04B	9.40B	8.71B	8.10B	7.30B	6.16B	5.49B	5.34B	5.13B	5.14B	4.68B	4.28B	3.73B	3.22B	2.84B
Interest Income	186.00M	43.70M	9.20M	17.70M	36.70M	3.50M	7.40M	3.60M	9.50M	19.70M	15.20M	28.10M	39.00M	20.00M	19.00M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	1.36B	1.21B	1.19B	1.22B	1.12B	981.20M	921.30M	884.80M	638.30M	570.50M	521.90M	516.60M	492.80M	450.90M	473.20M	522.60M	410.10M	402.00M	356.10M	358.40M	388.00M	374.10M	0.00	429.90M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation & Amortization	1.98B	1.87B	1.87B	1.75B	1.62B	1.48B	1.36B	1.52B	1.56B	1.64B	1.59B	1.49B	1.42B	1.28B	1.22B	1.21B	1.21B	1.25B	1.25B	1.20B	1.15B	1.05B	1.09B	1.01B	956.30M	881.10M	793.80M	742.90M	709.00M	628.60M	568.40M	554.90M	514.20M	493.30M	438.00M	383.40M	338.40M	236.30M	234.30M
EBITDA	13.90B	12.22B	12.03B	9.23B	10.57B	10.11B	10.86B	9.34B	8.91B	9.61B	10.10B	10.08B	9.92B	8.73B	8.18B	7.89B	5.20B	5.81B	5.28B	4.74B	2.83B	2.11B	3.78B	4.14B	4.17B	3.90B	3.49B	3.33B	3.20B	2.79B	2.49B	2.35B	2.08B	1.99B	1.90B	1.67B	1.50B	1.16B	1.09B
EBITDA Ratio	54.53%	42.02%	44.67%	39.86%	43.00%	41.46%	37.43%	31.91%	28.33%	29.05%	30.48%	30.85%	31.57%	31.16%	30.23%	29.41%	29.30%	26.92%	26.25%	27.39%	27.11%	26.60%	27.01%	27.84%	30.96%	33.86%	29.90%	31.10%	32.58%	33.06%	32.68%	32.64%	29.17%	28.12%	30.89%	29.95%	30.66%	25.68%	27.75%
Operating Income	11.65B	9.37B	10.36B	7.32B	9.07B	8.82B	9.55B	7.74B	7.15B	7.95B	8.76B	8.60B	8.53B	7.47B	6.84B	6.44B	3.88B	4.45B	4.02B	3.54B	2.83B	2.11B	2.70B	-196.40M	3.21B	3.02B	2.69B	2.59B	2.50B	2.16B	1.92B	1.80B	1.56B	1.50B	1.46B	1.28B	1.16B	924.30M	856.90M
Operating Income Ratio	45.68%	40.42%	44.59%	38.13%	43.03%	41.96%	41.86%	31.45%	28.12%	28.97%	31.18%	31.21%	31.58%	31.04%	30.08%	27.39%	17.02%	20.59%	19.66%	18.57%	16.52%	13.72%	18.14%	-1.38%	24.24%	24.34%	23.62%	24.21%	25.48%	25.93%	25.94%	25.20%	23.37%	22.60%	23.75%	23.06%	23.74%	22.31%	23.19%
Total Other Income/Expenses	-1.12B	-1.55B	-1.23B	-1.18B	-1.05B	-1.01B	-979.20M	-878.50M	-589.80M	-577.20M	-559.80M	-525.60M	-517.50M	-472.80M	-354.00M	-284.90M	-306.90M	-290.70M	-282.40M	-338.10M	-485.80M	-450.80M	-367.30M	3.08B	-330.30M	-715.90M	-287.50M	-335.80M	-326.50M	-270.70M	-246.30M	-349.50M	-265.30M	-254.30M	-302.00M	-237.20M	-203.00M	-76.20M	-74.70M
Income Before Tax	10.52B	7.83B	9.13B	6.14B	8.02B	7.82B	8.57B	6.87B	6.56B	7.37B	8.20B	8.08B	8.01B	7.00B	6.49B	6.16B	3.57B	4.17B	3.70B	3.20B	2.35B	1.66B	2.33B	2.88B	2.88B	2.31B	2.41B	2.25B	2.17B	1.89B	1.68B	1.45B	1.30B	1.25B	1.16B	1.05B	958.80M	848.10M	782.20M
Income Before Tax Ratio	41.27%	33.76%	39.31%	31.97%	38.04%	37.17%	37.57%	27.89%	25.80%	26.86%	29.19%	29.31%	29.67%	29.08%	28.52%	26.18%	15.68%	19.30%	18.09%	16.80%	13.69%	10.79%	15.67%	20.24%	21.75%	18.58%	21.10%	21.06%	22.15%	22.67%	22.62%	20.30%	19.41%	18.77%	18.84%	18.80%	19.59%	20.47%	21.17%
Income Tax Expense	2.05B	1.65B	1.58B	1.41B	1.99B	1.89B	3.38B	2.18B	2.03B	2.61B	2.62B	2.61B	2.51B	2.05B	1.94B	1.84B	1.24B	1.29B	1.10B	923.90M	838.20M	670.00M	693.10M	905.00M	936.20M	757.30M	764.80M	678.40M	741.80M	662.20M	593.20M	489.50M	439.80M	444.00M	430.00M	400.60M	409.70M	368.40M	349.20M
Net Income	8.47B	6.18B	7.55B	4.73B	6.03B	5.92B	5.19B	4.69B	4.53B	4.76B	5.59B	5.46B	5.50B	4.95B	4.55B	4.31B	2.40B	3.54B	2.60B	2.28B	1.47B	893.50M	1.64B	1.98B	1.95B	1.55B	1.64B	1.57B	1.43B	1.22B	1.08B	958.60M	859.60M	802.30M	727.00M	645.90M	549.10M	479.70M	433.00M
Net Income Ratio	33.22%	26.65%	32.49%	24.63%	28.59%	28.18%	22.75%	19.03%	17.82%	17.34%	19.87%	19.82%	20.38%	20.55%	20.01%	18.34%	10.51%	16.42%	12.72%	11.95%	8.58%	5.80%	11.01%	13.88%	14.69%	12.48%	14.40%	14.72%	14.57%	14.71%	14.61%	13.44%	12.84%	12.08%	11.84%	11.60%	11.22%	11.58%	11.72%
EPS	11.63	8.39	10.11	6.35	7.95	7.61	6.43	5.49	4.82	4.85	5.59	5.41	5.33	4.64	4.17	3.83	2.02	2.87	2.06	1.81	1.16	0.70	1.28	1.49	1.44	1.14	1.18	1.11	0.99	0.84	0.73	0.65	0.59	0.55	0.49	0.43	0.37	0.32	0.28
EPS Diluted	11.56	8.33	10.04	6.31	7.88	7.54	6.37	5.44	4.80	4.82	5.55	5.36	5.27	4.58	4.11	3.76	1.98	2.83	2.04	1.79	1.15	0.70	1.25	1.46	1.39	1.10	1.15	1.08	0.99	0.84	0.71	0.64	0.57	0.54	0.48	0.43	0.37	0.32	0.28
Weighted Avg Shares Out	727.90M	736.50M	746.30M	744.60M	758.10M	778.20M	807.40M	854.40M	939.40M	980.50M	998.40M	1.01B	1.03B	1.07B	1.09B	1.13B	1.19B	1.23B	1.26B	1.26B	1.27B	1.27B	1.29B	1.32B	1.36B	1.37B	1.37B	1.39B	1.41B	1.40B	1.42B	1.45B	1.42B	1.43B	1.47B	1.50B	1.48B	1.49B	1.53B
Weighted Avg Shares Out (Dil)	732.30M	741.30M	751.80M	750.10M	764.90M	785.60M	815.50M	861.20M	944.60M	986.30M	1.01B	1.02B	1.04B	1.08B	1.11B	1.15B	1.21B	1.25B	1.27B	1.27B	1.28B	1.28B	1.31B	1.36B	1.40B	1.41B	1.41B	1.43B	1.41B	1.40B	1.46B	1.47B	1.47B	1.46B	1.51B	1.50B	1.48B	1.49B	1.53B

McDonald's (MCD) Beats Q3 Earnings and Revenue Estimates

October 29, 2024zacks.com

McDonald's (MCD) came out with quarterly earnings of $3.23 per share, beating the Zacks Consensus Estimate of $3.18 per share. This compares to earnings of $3.19 per share a year ago.

Dow Jones and S&P 500 to fall as bond yields keep rising, Ford and McDonald set to slide

October 29, 2024proactiveinvestors.com

Wall Street stocks are expected to head lower on Tuesday, reversing gains made at the start of the week as more earnings flood in. Futures are pointing to a 0.2% decline for the S&P 500 and 0.4% for the Dow...

McDonald's sales dropped for the 2nd quarter in a row as customers keep tightening their belts

October 29, 2024businessinsider.com

McDonald's global sales fell for the second consecutive quarter, down 1.5%. Fast-food chains have faced challenges from food inflation, affecting consumer spending habits.

Pfizer Lifts Revenue Outlook, McDonald's Sees U.S. Sales Growth in Q3

October 29, 2024fxempire.com

Pfizer Q3 earnings beat expectations, driven by Paxlovid sales. Cost-saving goals aim for $4B by 2027 as Covid demand slows.

McDonald's Stock Slips as Same Store Sales Fall More Than Expected

October 29, 2024investopedia.com

McDonald's shares slipped in premarket trading Tuesday after it reported higher third-quarter revenue but lower profit than last year, as the fast-food giant's same-store sales fell more than expected.

McDonald's sales drop as international markets and Middle East war weigh

October 29, 2024proactiveinvestors.com

McDonald's Corp has reported a drop in comparable sales for a second consecutive quarter due to pressure in the likes of China, France and the UK and war in the Middle East. Global comparable sales fell by 1.5% over the third...

McDonald's reports better-than-expected Q3 revenue and earnings

October 29, 2024marketwatch.com

The company's stock was down in premarket trades Tuesday morning.

McDonald's global sales fall more than expected on muted demand

October 29, 2024reuters.com

McDonald's on Tuesday posted a steeper-than-expected drop in quarterly global comparable sales, hurt by weaker traffic across its key markets even as it intensified promotions to woo back customers after several years of price hikes.

McDONALD'S REPORTS THIRD QUARTER 2024 RESULTS

October 29, 2024prnewswire.com

Consolidated revenues for the quarter were nearly $6.9 billion, an increase over prior year of 3% (2% in constant currencies) Systemwide sales* to loyalty members across approximately 50 loyalty markets were over $28 billion for the trailing twelve-month period and...